Impact Investors Inc Boosts Stock Holdings in MercadoLibre, Inc. $MELI

Impact Investors Inc grew its holdings in MercadoLibre, Inc. (NASDAQ:MELI) by 8.9% during the second quarter, HoldingsChannel.com reports. The fund owned 147 shares of the company’s stock after purchasing an additional 12 shares during the quarter. Impact Investors Inc’s holdings in MercadoLibre were worth $383,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in MELI. Bison Wealth LLC purchased a new position in shares of MercadoLibre in the 4th quarter valued at $206,000. Rhumbline Advisers raised its stake in shares of MercadoLibre by 4.4% in the 1st quarter. Rhumbline Advisers now owns 10,365 shares of the company’s stock valued at $20,221,000 after acquiring an additional 437 shares during the period. NBC Securities Inc. purchased a new position in shares of MercadoLibre in the 1st quarter valued at $72,000. Merit Financial Group LLC raised its stake in shares of MercadoLibre by 7.7% in the 1st quarter. Merit Financial Group LLC now owns 757 shares of the company’s stock valued at $1,477,000 after acquiring an additional 54 shares during the period. Finally, Matrix Trust Co raised its stake in shares of MercadoLibre by 27.1% in the 1st quarter. Matrix Trust Co now owns 108 shares of the company’s stock valued at $211,000 after acquiring an additional 23 shares during the period. Hedge funds and other institutional investors own 87.62% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on MELI. Weiss Ratings reissued a “buy (b)” rating on shares of MercadoLibre in a research note on Saturday, September 27th. Susquehanna reaffirmed a “positive” rating and set a $2,975.00 price target (up previously from $2,840.00) on shares of MercadoLibre in a research note on Thursday, June 26th. Benchmark reaffirmed a “buy” rating and set a $2,875.00 price target on shares of MercadoLibre in a research note on Tuesday, August 5th. Cantor Fitzgerald lifted their price target on shares of MercadoLibre from $2,700.00 to $2,900.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 24th. Finally, Citigroup dropped their price target on shares of MercadoLibre from $2,900.00 to $2,850.00 and set a “buy” rating on the stock in a research note on Monday, August 18th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, MercadoLibre presently has an average rating of “Moderate Buy” and an average price target of $2,822.78.

MercadoLibre Price Performance

MELI opened at $2,172.75 on Friday. The company has a 50-day moving average of $2,382.29 and a 200-day moving average of $2,341.63. The company has a market capitalization of $110.16 billion, a P/E ratio of 53.66, a PEG ratio of 1.49 and a beta of 1.46. MercadoLibre, Inc. has a 1-year low of $1,646.00 and a 1-year high of $2,645.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.18 and a current ratio of 1.20.

MercadoLibre (NASDAQ:MELI) last released its earnings results on Monday, August 4th. The company reported $10.31 earnings per share for the quarter, missing the consensus estimate of $12.01 by ($1.70). The company had revenue of $6.79 billion during the quarter, compared to the consensus estimate of $6.57 billion. MercadoLibre had a return on equity of 43.06% and a net margin of 8.52%.MercadoLibre’s revenue for the quarter was up 33.8% on a year-over-year basis. During the same period in the previous year, the firm posted $10.48 EPS. Equities analysts expect that MercadoLibre, Inc. will post 43.96 EPS for the current fiscal year.

About MercadoLibre

MercadoLibre, Inc operates online commerce platforms in the United States. It operates Mercado Libre Marketplace, an automated online commerce platform that enables businesses, merchants, and individuals to list merchandise and conduct sales and purchases digitally; and Mercado Pago FinTech platform, a financial technology solution platform, which facilitates transactions on and off its marketplaces by providing a mechanism that allows its users to send and receive payments online, as well as allows users to transfer money through their websites or on the apps.